The countdown is officially on for the spookiest night of the year – when toddling pumpkins and ghouls with legs roam the streets in search of candy – the currency of the night. But the exchange rate of candy to dollars may be a bit more than you think.
The Rising Cost of Candy
While 68 per cent of Canadians plan to celebrate Halloween, 80 per cent admit the cost of trick or treating is creeping up in price, according to a survey from digital deal site RetailMeNot.ca.
Maybe that’s why one in four of those surveyed confess to actually taking candy from a child; women are seemingly the guiltiest when it comes to sneaking treats from their kid’s stash with 46 per cent admitting they’ve caved to temptation versus 35 per cent of men. As well, half of those surveyed plan to hand out candy this year – but 56 per cent say they’ll also buy and stockpile candy for their own stashes, effectively doubling previous candy spend.
Get Dressed Up in Debt
While half of Canadians plan to buy a costume, just under a quarter plan to get savvy with the sewing machines and make one. Six per cent will shop online for their sexy cat person or zombie Doug Ford costume (both suggestions are up for grabs). Millennials – aged 18 to 34 – are the biggest spenders dropping around $75 for Halloween with $25 going towards the costume.
Feeling excessively spendy? This diamond-encrusted Morph Suit will be sure to make you the envy of any costume bash – and it’ll only set you back $1.6 million.
Other Frightful Costs
But don’t let the costs of celebrating Halloween scare you off. Here are a few easier-than-stealing-candy-from-a-child ways to partake without busting your budget:
“Only six per cent of Canadians use coupons or promo codes to find deals for items like costumes, which can be expensive,” says Kristen Nelson, a savings spokesperson for RetailMeNot. “Savvy Canadians can search online for deals and coupons to maximize their budgets this year for every aspect of their Halloween spending, tricks and treats alike.”
Try making your decorations from household items like garbage bags filled with leaves and swapping out light bulbs for black lights or coloured lights. Make a spooky dummy for the front porch by filling an old pair of jeans and shirt with leaves. Make a pumpkin head or use an old mask from past years. Why not visit Value Village or the Salvation Army after Halloween to buy cheap decorations for the following years? Many pumpkin patches charge based on weight, grab the lighter ones and save a bit of cash.
Shop early and swing by thrift shops to see what items of yours or your wee one’s costume you can get. Skip the mask and go with face paint. Not only can masks be a safety hazard, they’re often the most expensive item to buy during the holidays. Feel like the mask is critical? Opt out of the full head coverage and glue a printed mask on cardboard with a headband. It’s way less stuffy and won’t break the bank.
Whether you’re out there scaring kids from the bushes of your house or shivering in that sexy cat woman costume like we suggested (you’re welcome…) – keep safe and be savvy.